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DUBLIN, June 13, 2022 /PRNewswire/ -- The 'Satellite Data Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027' report has been added to ResearchAndMarkets.com's offering.
The global satellite data service market reached a value of US$ 6.5 billion in 2021. Looking forward, the market is projected to reach US$ 17.82 billion by 2027, exhibiting a CAGR of 18.3% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use industries. These insights are included in the report as a major market contributor.Satellite data service delivers high-speed wireless bandwidth data connection from space. It uses radio waves to transmit, receive, and retrieve data through a communication network. It is widely used in remote and small areas wherein high-speed Internet and data access are not easily available.
Nowadays, businesses worldwide rely on satellite data service solutions to provide reliable and dedicated services for remote satellite Internet access and other applications, including email, file sharing, web hosting, data backup, video, and virtual private network (VPN) access. It also enables businesses in to carry voice, video, or other data services around the world.The increasing dependence on smartphones, in confluence with the escalating demand for high-speed Internet services, represents one of the key factors impelling the market growth. Moreover, the emerging trend of vlogging and travel and tourism in remote establishments is driving the need for satellite data services to obtain reliable Internet at affordable prices.
Apart from this, due to rising concerns about climatic changes, environmental degradation, and disaster monitoring, researchers are relying on satellite and airborne data to assess changing environmental impacts, which result from modified human behavior patterns.
Furthermore, with rising geopolitical tensions and increasing security concerns, defense agencies of numerous countries are deploying commercial satellite imaging to get information that strengthens defense operations and security services. Besides this, major market players are introducing commercial satellite data services that can detect ground conditions at night with radar imagery. This further assists in delivering unique, reliable monitoring capabilities to civil and defense organizations across the globe.
Additionally, these players are offering satellite data services incorporated with artificial intelligence (AI) and machine learning (ML) that can help in the development of smart cities and connected vehicles. These innovations are anticipated to create a positive market outlook.
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being Airbus SE, Ceinsys Tech Limited, Geospatial Intelligence Pyt. Ltd., Gisat S.R.O., ICEYE, L3harris Technologies Inc., Maxar Technologies Inc., Planet Labs Inc., Satellite Imaging Corporation, Telstra Corporation Limited, Trimble Inc. and Ursa Space Systems Inc. Key Questions Answered in This Report
- How has the global satellite data service market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global satellite data service market?
- What are the key regional markets?
- What is the breakup of the market based on the service?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the vertical?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global satellite data service market and who are the key players?
- What is the degree of competition in the industry?
Key Topics Covered: 1 Preface 2 Scope and Methodology 3 Executive Summary 4 Introduction 4.1 Overview4.2 Key Industry Trends 5 Global Satellite Data Service Market 5.1 Market Overview5.2 Market Performance5.3 Impact of COVID-195.4 Market Forecast 6 Market Breakup by Service 6.1 Data Analytics6.1.1 Market Trends6.1.2 Market Forecast6.2 Image Data6.2.1 Market Trends6.2.2 Market Forecast 7 Market Breakup by Application 7.1 Scientific7.1.1 Market Trends7.1.2 Market Forecast7.2 Administrative7.2.1 Market Trends7.2.2 Market Forecast7.3 Commercial7.3.1 Market Trends7.3.2 Market Forecast 8 Market Breakup by Vertical 8.1 Defence and Security8.1.1 Market Trends8.1.2 Market Forecast8.2 Energy and Power8.2.1 Market Trends8.2.2 Market Forecast8.3 Agriculture8.3.1 Market Trends8.3.2 Market Forecast8.4 Environmental8.4.1 Market Trends8.4.2 Market Forecast8.5 Engineering and Infrastructure8.5.1 Market Trends8.5.2 Market Forecast8.6 Marine8.6.1 Market Trends8.6.2 Market Forecast8.7 Others8.7.1 Market Trends8.7.2 Market Forecast 9 Market Breakup by Region 10 SWOT Analysis 11 Value Chain Analysis 12 Porters Five Forces Analysis 13 Price Analysis 14 Competitive Landscape 14.1 Market Structure14.2 Key Players14.3 Profiles of Key Players14.3.1 Airbus SE14.3.1.1 Company Overview14.3.1.2 Product Portfolio14.3.1.3 Financials14.3.1.4 SWOT Analysis14.3.2 Ceinsys Tech Limited14.3.2.1 Company Overview14.3.2.2 Product Portfolio14.3.2.3 Financials14.3.3 Geospatial Intelligence Pyt. Ltd.14.3.3.1 Company Overview14.3.3.2 Product Portfolio14.3.4 Gisat S.R.O.14.3.4.1 Company Overview14.3.4.2 Product Portfolio14.3.5 ICEYE 14.3.5.1 Company Overview14.3.5.2 Product Portfolio14.3.6 L3harris Technologies Inc.14.3.6.1 Company Overview14.3.6.2 Product Portfolio14.3.6.3 Financials14.3.7 Maxar Technologies Inc.14.3.7.1 Company Overview14.3.7.2 Product Portfolio14.3.7.3 Financials14.3.8 Planet Labs Inc.14.3.8.1 Company Overview14.3.8.2 Product Portfolio14.3.9 Satellite Imaging Corporation14.3.9.1 Company Overview14.3.9.2 Product Portfolio14.3.10 Telstra Corporation Limited14.3.10.1 Company Overview14.3.10.2 Product Portfolio14.3.10.3 Financials14.3.10.4 SWOT Analysis14.3.11 Trimble Inc.14.3.11.1 Company Overview14.3.11.2 Product Portfolio14.3.11.3 Financials14.3.11.4 SWOT Analysis14.3.12 Ursa Space Systems Inc.14.3.12.1 Company Overview14.3.12.2 Product Portfolio
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